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Nov 27, 2012 12:00am PST
want to eliminate the deficit or the debt? >> it eliminates -- it does not eliminate the annual deficit. it keeps the debt as a percentage of g.d.p. constant. >> rose: and that's what we can live with in essence. >> we can live with it. the net debt is around 73% or something like that. that was 120% coming out of world war ii. and it will stay in the 70s, might even come down into the 60s, the 18.5% and 21% won't increase the ratio of debt-to-g.d.p. and it may very well bring it down slightly. >> rose: what has this meant to you? this friendship with warren buffett? >> it's been a wonderful friendship. can you imagine the chance to warren buffett about almost anything? to ask his opinion about every story you've ever had on your mind? it's -- it's priceless. and it's been price tlos go at this book and to see it all put down again, to add my introductions and to see how good fortune was at staying with this man as as -- as i say, we were standing by while warren buffett was becoming warren buffett and it was a remarkable thing that we were allowed to do and i loved it. >> rose: i'm sma
Search Results 0 to 1 of about 2 (some duplicates have been removed)